Usually, college tuition rises about 3% year.
Remember, the total cost of tuition isn't the final cost for attending college. Many students find the actual cost of college is much less than the sticker price after grants, scholarships, and tuition discounts are awarded. Plus, student loans can make the amount you do have to pay for college feel more doable until after graduation.
Kentucky State University meets 94% of the demonstrated financial need for undergraduates. The average financial aid package for a full-time, first-year student at Kentucky State University is around $12,557 a year.
Graduates in the class of 2023 had an average of $24,522 in student loans per borrower.
**Kentucky State University is a public, state institution, **
Public schools receive funds from the state to help them cover costs. Public, state schools can offer lower tuition for students who meet the requirements for in-state residency.
Choosing a college where you qualify for in-state status can cut the cost of college tuition. Be sure to confirm your state's rules for in-state residency. Each state has different requirements to qualify as in-state resident. The most common requirement is that students must have lived in the state for a full year before starting school. There may be other criteria too, depending on where you live.
Kentucky State University has the same tuition for international students as for those from out of state.
International students usually do not qualify for for loans or grants from the U.S. government, but should research private or school-specific aid and scholarships. International students who demonstrate financial need may qualify for the following types of financial support at Kentucky State University:
•On-campus jobs •Loans from outsideKentucky State University •Kentucky State University-specific scholarships
International students without financial need may be eligible for merit-based institutional scholarships.
In addition to tuition, there are other costs associated with college, like room and board, facility fees, and books and supplies. Let's take a look at what impacts these costs, and what to expect at Kentucky State University.
Board costs can depend on how many meals are included in the plan you choose.
The cost of books often surprises first-year college students. The real cost of books depends on the courses you take and what kinds of books and materials they require. To save money, many students choose to use books from the library or buy books from students who have already taken the course.
The majority of colleges also have fees to offsets cost associated with maintaining facilties, like the computer labs and libraries, athletic facilities, and more.
There may be additional fees associated with participating in certain activities, like joining a fraternity or sorority, or participating in sports or other extracurriculars. Most colleges have resources for students who may struggle to participate because of cost can get help covering these costs.
The cost of getting around in college depends on a few key factors. Will you take a subway, car or an airplane to get to school? Is on-campus parking free, or will you need to budget for parking? Is the campus small enough that you can easily walk from class-to-class?? Do you own a car, or will you need to use busses, subways, or other modes of transportation? All of these questions can make a big difference in your transportation budget. At Kentucky State University, freshman are allowed to park on campus.
Where are a college is located can impact transportation costs. Small, rural schools may be easier to get around, but the cost of getting to campus may be higher. On the other hand transportation in an urban area may be expensive, but cities may offer more buses, trains and affordable flights to actually get to school. Kentucky State Universityis located in a town in KY, not far from Louisville.
When budgeting for college, be sure to take into account the cost of things like entertainment, clothes, furnishings and toiletries.
Now, let’s do a rundown of all of the costs associated with college, to get a better estimate of the actual cost of attending Kentucky State University.
What will the cost of attending Kentucky State University be? Here is a breakdown of tuition and expenses.
2023 Total Tuition and Expenses | |
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The total estimated cost will vary depending on whether you are going to live on-campus or off-campus.
Tuition and fees may vary depending on program, course level, location, and more.
In 2023, 1,047 of the 2,135 undergrads enrolled received financial aid. Kentucky State University meets 94% of the demonstrated financial need for undergraduates.
The average financial aid package for a full-time, first-year student is around $12,557 a year. Around 78% of Kentucky State University undergrads take out student loans to cover any remaining costs. Kentucky State University graduates who have student loans graduate with an average of $24,522 of student loan debt.
The average debt for each loan type varies.
Average Debt By Loan Type | |
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Federal Loans | $24,522 |
Private Loans | $0 |
Most Common Loans for Kentucky State University Students | |
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Federal Loans | 78% |
Most students take out institutional or government loans, because they tend to have lower interest rates and more flexible repayment options than private loans. Loans from the federal government can be subsidized or unsubsidized. Subsidized loans do not accrue interest during school, while unsubsidized loans begin accruing interest at the time the loan is issued. If students do no qualify for enough federal loans to cover the cost of tuition, some take out private loans. Parents can also take out ParentPLUS loans, which are government loans for parents who are helping their children pay for college.
The Free Application for Federal Student Aid (FAFSA) helps colleges determine how much financial need students and their familes have, so they can offer a financial aid package that meets, or come close to meeting, their need. For more information on Kentucky State University financial aid, keep reading, or visit their financial aid website.
Some students may receive grants and scholarships to help pay for college. Unlike loans, scholarships and grants do not have to be paid back.
In 2023, Kentucky State University awarded 986 need-based scholarships to students, giving away total of $9.1 million to help students with financial need cover the cost of school. An additional $740,000 in merit-based scholarship money was awarded to students without demonstrated financial need.
The net price of college is the actual cost of attending a school for one year. Net cost is calculated by subtracting any scholarships, grants or other aid that does not need to be paid back from the total cost. Student loans are not part of the calculation, because they need to be repaid.
Now that we have a sense of the total estimated costs for Kentucky State University students, we can subtract the average financial aid package to find the estimated net cost. Net cost can vary depending on a students’ need and the financial aid award received.
When considering whether a school fits your budget, it is important to consider the estimated net cost, not just the sticker price of tuition. Often, schools with the highest tuition also offer the most generous aid packages, so estimate your net cost before eliminating a school because it does fit your budget.
The average amount of financial aid received by a full-time first year student with demonstrated need at Kentucky State University was $12,557 in 2023. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of Kentucky State University seem more manageable.
What will attending Kentucky State University really cost you? The answer depends on several factors.
As of 2011, colleges are required to have a net price calculator on their website to help prospective students and their families understand the actual cost of attending that school, based on their financial situation. You can find the Kentucky State University's net cost calculator on their website.
Some students choose to use payment plans to make the cost of tuition fit more comfortably in their budget.
Students cannot pay tuition in installments. Contact the financial aid office to verify this and discuss options.
Schools sometimes offer tuition waivers to certain groups, to offset the cost of attending. Some schools offer tuition waivers for faculty, staff, and their families , underrepresented students, or military students. Even with a tuition waiver, students are usually responsible for housing, meal plans, and other expenses.
Check the financial aid website for more information on payment plans and tuition waivers.
An endowment is the total value of a school's investments, donations, and assets. Endowment is not necessarily an indicator of the quality of a school, but it can give you a sense of how much money a college can afford to invest in expanding programs, improving facilities, and supporting students.
For more information about Kentucky State University's endowment, check with the school directly.
Click below to find out more about the admissions requirements and deadlines, student life, academics, majors and more.
Join the conversation about about Kentucky State University in the College Confidential forums
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Data Source: IPEDs and Peterson's Databases © 2022 Peterson's LLC All rights reserved
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